NASDAQ$DNUT
Krispy Kreme Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported strong fourth quarter financial results with double-digit organic revenue growth and improved profitability.
Krispy Kreme reported an 11.4% increase in net revenue, reaching $450.9 million, and a 13.2% increase in organic revenue. GAAP net income was $1.9 million. Adjusted EBITDA increased by 14.7% to $64.1 million, with margins improving by 40 basis points to 14.2%. The company's global points of access increased by 19.5% to 14,147.
- Net revenue grew by 11.4% to $450.9 million.
- Organic revenue grew by 13.2% to $446.0 million.
- Adjusted EBITDA increased by 14.7% to $64.1 million.
- Global Points of Access increased by 19.5% to 14,147.
Headline financials
Revenue & EPS history
Krispy Kreme · Revenue · Quarterly
$451M
Revenue by segment
Krispy Kreme · $407M total across 3 segments · Q3 2023
- U.S.$260M+5.4%63.9%
- International$106M+15.4%26.1%
- Market Development$41.1M+5.9%10.1%
Forward guidance
Krispy Kreme issued the following guidance for the full year 2024 (vs FY2023)
Tailwinds
- Net Revenue growth of +5% to +7%
- Organic Revenue growth of +6% to +8%
- Adjusted EBITDA growth of +8% to +11%
- Adjusted Diluted EPS of $0.27 to $0.31
- Income Tax rate between 26% and 28%
Headwinds
- Capital Expenditures of 7% to 8% of net revenue
- Interest Expense, net of $55 million to $65 million
- The above guidance assumes nominal impact from foreign exchange.
- The Company continues to expect to reduce its net leverage in 2024, as we make progress towards our 2026 goal of approximately 2.0x to 2.5x net leverage.
- On October 3, 2023, the Company announced it is exploring strategic alternatives for Insomnia Cookies. Guidance for the full year 2024 includes operations from Insomnia Cookies.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
-0.8%
Avg return
Earnings day
+0.7%
Avg return
5 days after
-1.2%
Avg return
30 days after
50%
11 / 22 earnings
Positive
+27.4%
Q4 2025
Best reaction
-24.6%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | -9.1% | -3.8% | |
| Q4 2025 | +27.4% | +18.1% | +8.0% | |
| Q3 2025 | +3.2% | +15.6% | +13.8% | |
| Q1 2025 | -24.6% | -25.9% | -32.6% | |
| Q4 2024 | -21.9% | -32.0% | -39.9% | |
| Q3 2024 | -8.0% | -8.9% | -17.6% | |
| Q2 2024 | +15.0% | +11.2% | +25.3% | |
| Q1 2024 | +2.4% | -6.3% | -16.4% | |
| Q4 2023 | -7.2% | -6.2% | -14.2% | |
| Q3 2023 | -4.6% | -0.4% | -2.6% | |
| Q2 2023 | -10.1% | -7.8% | -8.9% | |
| Q1 2023 | +0.7% | -0.3% | +0.7% | |
| Q4 2022 | +10.9% | +7.1% | +16.2% | |
| Q3 2022 | +2.7% | +7.5% | -6.1% | |
| Q2 2022 | -13.9% | -18.1% | -16.0% | |
| Q1 2022 | +7.2% | +18.3% | +10.1% | |
| Q4 2019 | -4.1% | +3.6% | -1.4% | |
| Q4 2021 | +4.0% | +8.7% | +9.7% | |
| Q3 2020 | +10.2% | +10.6% | +19.6% | |
| Q3 2021 | -1.3% | +6.6% | +10.0% | |
| Q2 2020 | +6.2% | +19.2% | +8.3% | |
| Q2 2021 | -10.6% | +3.1% | +12.0% | |
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